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Consolidated statements of operations - CHF (SFr)
SFr in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income SFr 2,474 SFr 2,234 SFr 2,426 SFr 4,708 SFr 5,013
Interest expense (1,279) (775) (1,010) (2,054) (1,943)
Net interest income 1,195 1,459 1,416 2,654 3,070
Commissions and fees 2,230 2,601 3,158 4,831 6,895
Trading revenues 41 (36) 153 5 1,964
Other revenues 179 388 376 567 748
Net revenues 3,645 4,412 5,103 8,057 12,677
Provision for credit losses 64 (110) (25) (46) 4,369
Compensation and benefits 2,392 2,458 2,356 4,850 4,563
General and administrative expenses 2,005 2,148 1,589 4,153 2,965
Commission expenses 254 298 325 552 654
Goodwill impairment 23 0 0 23 0
Restructuring expenses 80 46 45 126 70
Total other operating expenses 2,362 2,492 1,959 4,854 3,689
Total operating expenses 4,754 4,950 4,315 9,704 8,252
Income/(loss) before taxes (1,173) (428) 813 (1,601) 56
Income tax expense/(benefit) 419 (151) 566 268 40
Net income/(loss) (1,592) (277) 247 (1,869) 16
Net income/(loss) attributable to noncontrolling interests 1 (4) (6) (3) 15
Net income/(loss) attributable to shareholders SFr (1,593) SFr (273) SFr 253 SFr (1,866) SFr 1
Basic earnings per share (CHF)          
Basic earnings/(loss) per share (in CHF per share) SFr (0.60) SFr (0.10) SFr 0.10 SFr (0.71) SFr 0.00
Diluted earnings per share (CHF)          
Diluted earnings/(loss) per share (in CHF per share) SFr (0.60) SFr (0.10) SFr 0.10 SFr (0.71) SFr 0.00
Bank          
Interest and dividend income       SFr 4,685 SFr 4,987
Interest expense       (2,000) (1,874)
Net interest income       2,685 3,113
Commissions and fees       4,806 6,926
Trading revenues       (46) 1,924
Other revenues       685 919
Net revenues       8,130 12,882
Provision for credit losses       (47) 4,373
Compensation and benefits       4,241 4,096
General and administrative expenses       4,995 3,664
Commission expenses       552 654
Goodwill impairment       23 0
Restructuring expenses       120 80
Total other operating expenses       5,690 4,398
Total operating expenses       9,931 8,494
Income/(loss) before taxes       (1,754) 15
Income tax expense/(benefit)       221 6
Net income/(loss)       (1,975) 9
Net income/(loss) attributable to noncontrolling interests       (1) (103)
Net income/(loss) attributable to shareholders       SFr (1,974) SFr 112